FreakOut, inc cancelled the acquisition of remaining 50% stake in Intimate Merger, Inc. from Preferred Infrastructure, Inc.
October 28, 2016
Share
FreakOut, inc (TSE:6094) signed a share transfer contract to acquire remaining 50% stake in Intimate Merger, Inc. from Preferred Infrastructure, Inc. for ¥85.4 million on October 29, 2015. FreakOut will acquire 0.02 million shares of Intimate Merger. Post completion, FreakOut Holdings, inc. will hold 0.04 million shares in Intimate Merger representing 100% stake. On completion, Intimate Merger will become a consolidated subsidiary of FreakOut. Intimate Merger reported net assets of ¥82.17 million, total assets of ¥182.99 million, sales of ¥333.76 million, operating profit of ¥32.97 million and net income of ¥38.09 million as on September 2015. The deal was resolved by the Board of Directors of FreakOut. The deal is expected to close by October 30, 2015.
FreakOut, inc (TSE:6094) cancelled the acquisition of remaining 50% stake in Intimate Merger, Inc. from Preferred Infrastructure, Inc. on October 29, 2016.
Intimate Merger, Inc. is a Japan-based company engaged in the data management platform business. The Company uses its own data management platform IM-DMP to support both online and offline marketing of client companies by utilizing data. IM-DMP is constructed from information obtained from a Web browser used on a personal computer, a smarphone, a tablet, or the like as an attribute database of Internet users. The features of IM-DMP include an Internet user attribute database and a database for converting instant messenger identification (IM-ID) into different IDs.
INTIMATE MERGER, INC. 
